Builders: Demand for 55+ housing hits record high

By | General

WASHINGTON – Feb. 1, 2018 – Builder confidence in the single-family 55+ housing market hit at least a nine-year high in the fourth quarter of 2017– the highest reading since the National Association of Home Builders’ (NAHB) created the index in 2008. The index rose to 71 in the last three months of 2017, up… Continued

February 2, 2018

Rental condos will be harder to find

By | General

FORT LAUDERDALE, Fla. – Feb. 16, 2015 – If you want to rent a condo or townhome, your options in South Florida are disappearing. Many developers and investors who rented out units after the housing collapse are putting them back on the market now that home prices are rising. That means you’ll have a harder… Continued

February 16, 2015

Commercial Loans for Multi-Family

By | General

Rates From 3.61 percent Multifamily & Mixed Use properties. View this email in your browser This message is from Vincent DeGracia, thanks for taking my call earlier. I have a  NO INCOME VERIFICATION PROGRAM for Multifamily & Mixed Use  Properties.1-4 UNIT MULTIFAMILYLoan Amount. $200,000 to $1,000,000.Market Rates.Max LTV 75%.Minimum FICO 650.5+ UNIT MULTIFAMILYLoan Amount. $200,000… Continued

November 12, 2014

Average 30-year mortgage rate drops below 4%

By | General

WASHINGTON (AP) – Oct. 17, 2014 – Average U.S. mortgage rates tumbled this week. The 30-year loan hit its lowest level since June 2013 as Treasury bond yields marked new lows amid concern over global economic weakness. It was the fourth straight week of declines for mortgage rates, making it more affordable to borrow to… Continued

October 17, 2014

Typical Home For Sale Sells In 44 Days

By | General

The most recent Realtors Confidence Index found that homes sold faster in June than the month before. It marked the sixth-consecutive month that properties sold more quickly than the previous month. According to the report – released by the National Association of Realtors – there was improvement across all categories, though short sales and foreclosed… Continued

August 6, 2014

Analysis Says Americans Are Ready To Buy

By | General

A new analysis of the residential real-estate market says housing is stronger than is being reported and is due for more improvement in the next year. Michael Simonsen, co-founder and CEO of Altos Research, said – though media headlines find weakness and disappointment in the recovery – real-time data paints a much more robust picture…. Continued

August 5, 2014

What Features Do Home Buyers Want Least?

By | General

A recent survey conducted by the National Association of Home Builders asked potential home buyers to name the features they wanted in a home and also the things they could do without. The results mirror what many recent surveys have shown. Specifically, that the features home buyers want most this year largely have to do… Continued

August 4, 2014

The Homeownership Rate & Middle-Aged Buyers

By | General

New data released by the U.S. Department of Commerce’s Census Bureau shows the homeownership rate was 64.7 percent during the second quarter of 2014. That’s down from an all-time high of 69.2 percent in 2004 and slightly lower than last year at this time. According to the official data and many media reports, the homeownership… Continued

August 1, 2014

Mortgage Rates Still Unchanged Last Week

By | General

Should you wait? For what? According to the Mortgage Bankers Association’s Weekly Applications Survey, the average contract interest rate on 30-year fixed-rate mortgages with conforming loan balances remained unchanged last week from the week before. Rates were also flat on loans backed by the Federal Housing Administration and 15-year fixed-rate mortgages. Mortgage rates increased slightly… Continued

July 31, 2014